Required information The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 900s) 2018 2017 Assets Cash Accounts receivable $ 66 38 49 76 Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment 4 85 51 85 168 80 70 210 an Buildings and equipment Less: Accumulated depreciation (44) _(80) $ 460 438 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable $ 40 59 9 15 80 10 Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 210 24 83 200 20 Less: Treasury stock (at cost) (12) _e $ 460 438 DUX COMPANY Income Statement For the Year Ended December 31, 2018 (s in eaes) Revenues Sales revenue Dividend revenue $ 340 4 $344 Expenses $ 230 32 Cost of goods sol Salaries expense Depreciation expense Bad debt expense Interest expense Loss on sale of building Income tax expense 42 322 S 22 Net income Additional information from the accounting records: a. A building that originally cost $56,000, and which was three-fourths depreciated, was sold for $12,000 b. The common stock of Byrd Corporation was purchased for $7,000 as a long-term investment. C. Property was acquired by issuing a 15%, seven-year, $15,000 note payable to the seller d. New equipment was purchased for $14,000 cash. e. On January 1, 2018, bonds were sold at their $25,000 face value f. On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time g. Cash dividends of $12,000 were paid to shareholders. h. On November 12,1,000 shares of common stock were repurchased as treasury stock at a cost of $12,000